German-owned industrial property developer Panattoni will spend HUF 10 billion on developing two halls in its logistics park Panattoni Park Moson, near Hungary's border with Austria and Slovakia, the company said this Wednesday. Panattoni signed a lease contract to rent 51,000 sqm meters in the buildings to German-owned forwarding and logistics company Fliege. Panattoni is […]
There are countries one comes to know through professional duty, and there are others that enter one’s life quietly, long before titles, responsibilities or ambitions take shape. Hungary belongs to the latter category for me. It did not present itself as a destination of immediate consequence; rather, it revealed itself gradually, patiently, through moments that […]
Ratings agency Moody's on Monday said it downgraded Budapest's baseline credit assessment (BCA) to ba1 from baa3 and long-term foreign and domestic issuer ratings to Ba1 from Baa3, putting them below investment grade. The capital's mayor considers this downgrade 'obvious' after the government failed to adher to an agreement to meet is financial obligations and […]
In Hungary’s automotive sector, annual new vehicle registrations are total around 150,000 units – comprising 120,000–125,000 passenger cars and roughly 25,000 light commercial vehicles. Based on new car registrations per capita, Hungary is positioned in the lower third of the European ranking.” Yet this stagnation also signals room for expansion, especially as the economic environment […]
Festipay managed close to HUF 39 billion of payments in 2025, up in value by 15% and by 7% based on the number of transactions compared to last year, the Hungarian fintech company said late on Monday. By the end of August, transaction volume processed through the company's system was around HUF 29 billion in […]
Halms Hungary, part of the Huashuo Group, is establishing its European center for the manufacture of automotive parts in Miskolc. Thanks to the investment in the Southern Science and Technology Park, INPARK area, Halms will manufacture aluminum castings and machined parts for leading car brands and automotive suppliers such as Volvo and Magna. Medium and […]
Shopper Park Plus (SPP), which owns a portfolio of retail properties in Hungary, the Czech Republic and Slovakia, announced an agreement on acquisitions in Poland on Monday. In line with the disclosures previously published in connection with the Transaction, SPP and its eight Polish subsidiaries entered into an agreement on December 23, 2025, concerning the […]
Named after German poet and statesman Johann Wolfgang von Goethe, the Goethe-Institute is a nonprofit German cultural organization operational worldwide with more than 150 cultural centers across 99 countries. One of those is Hungary where the Institute has been present since 1988. Its goal is to promote the German language abroad and encouraging international cultural […]
The Hungarian government has earmarked HUF 800 billion for the regulated utilities price scheme for households in 2025 and will continue the program in 2026, Energy Ministry state secretary Gábor Czepek said in a post on social media on Monday. The state secretary was of the opinion that Hungarian households paid the lowest gas and […]
Hungary's 4iG Space and Defence Technologies has signed an agreement to acquire a 63% stake in helicopter maintenance company HeliControl, parent company 4iG said in an announcement on the website of the Budapest Stock Exchange. "By leveraging HeliControl's professional expertise and infrastructure, 4iG S+D aims to establish a high value-added competence center capable of supporting […]
It was at the end of May this year that the German-Hungarian Chamber of Industry and Commerce (DUIHK) elected Dr. Róbert Keszte as its new President. He emphasized that he would work in this position to ensure that the opinions and initiatives of the DUIHK are heard and taken into account in the dialogue with […]
In December 1993, Stephan Interthal accepted his first Kempinski GM position at Munich Airport. Some four years later he moved to Budapest for his first tenure to take over as General Manager of the Kempinski Hotel Corvinus Budapest – a role he held until mid-2004. In late 2014, he returned as Area General Manager to […]
The Szeged Symphony Orchestra will celebrate the upcoming 250th anniversary of the adoption of the United States Declaration of Independence at its New Year's concert on January 5, director Sándor Gyüdi told MTI. The conductor recalled that, in keeping with a tradition that began in the mid-19th century, the Szeged Symphony Orchestra used to give […]
As Europe accelerates toward a greener, more digital and increasingly electrified energy future, one challenge stands at the center of strategic debate: developing the networks needed for this transformation. According to Guntram Würzberg, Chairman and CEO of E.ON Hungária Group, building modern, flexible grids is a responsibility shared not only by energy companies, but also […]
Hungary’s government has announced a bundle of economic and social measures aimed at bolstering household incomes and small businesses just in time for the holidays. The package – unveiled days before Christmas – ranges from extra pension payments and tax breaks to public sector wage boosts. Observers note the timing is no coincidence: with a […]
